This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

FutureFuel Releases Fourth Quarter And Full Year 2012 Results

Reports Net Income of $34.3 Million or $0.83 Per Diluted Share, and Adjusted EBITDA of $52.5 Million

Conference Call Begins at 9:00 a.m. Eastern Time March 19, 2013

CLAYTON, Mo., March 18, 2013 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE:FF), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the year ended December 31, 2012.

Fourth Quarter 2012 Financial Highlights (all comparisons are with the fourth quarter of 2011)

  • Revenues were $74.6 million, down 16.8% from $89.6 million
  • Adjusted EBITDA was $6.0 million, down 69.6% from $19.6 million
  • Net income decreased to $6.2 million, or $0.15 per diluted share, from $10.6 million, or $0.26 per diluted share.

2012 Financial Highlights (all comparisons are with the year ended December 31, 2011)

  • Revenues were $351.8 million, up 13.5% from $309.9 million
  • Adjusted EBITDA was $52.5 million, a 15.0% decrease from $61.7 million
  • Net income decreased to $34.3 million, or $0.83 per diluted share, from $34.5 million, or $0.84 per diluted share, decreases of 0.6% and 1.2%, respectively

"2012 presented FutureFuel with several challenges – we experienced declining revenues from our two largest chemical customers, a biodiesel industry without the support of the $1.00 federal blenders tax credit and a biodiesel industry whose mandated usage requirement was largely met early in the fourth quarter of 2012. As a result, financial results, particularly those of the fourth quarter for biodiesel, suffered," said Lee Mikles, FutureFuel president. "Despite these challenges, FutureFuel generated income from operations of over $46 million and net income approximately equivalent to that earned in 2011.

"While our biodiesel business faced significant headwinds in the fourth quarter of 2012, we are optimistic about this segment's prospects in 2013 as market conditions have improved since yearend. Additionally, we retain a strong pipeline of potential new custom chemical products, which bodes well for the financial future of our chemicals segment."

1 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,937.13 -48.48 -0.29%
S&P 500 1,972.83 +9.12 0.46%
NASDAQ 4,419.0340 +27.5710 0.63%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs